DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — TopBuild Corp. (BLD) on Tuesday reported third-quarter earnings of $169 million.
On a per-share basis, the Daytona Beach, Florida-based company said it had net income of $5.65. Earnings, adjusted for non-recurring costs, came to $5.68 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.62 per share.
The insulation products company posted revenue of $1.37 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.4 billion.
TopBuild expects full-year revenue in the range of $5.3 billion to $5.35 billion.
TopBuild shares have decreased 3% since the beginning of the year. The stock has increased 42% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLD at https://www.zacks.com/ap/BLD
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